August 7th, 2014 (InsideCostaRica.com) Citigroup has issued a $45.5 million line of credit for the purchase and import of 25 wind turbines for the Orosí wind farm, located in the area of Quebrada Grande near Liberia, Guanacaste.
The new turbines are expected to generate an additional 50 MW of power.
The line of credit was provided to project developer, Globeleq Mesoamérica Energy (GME). The turbines will be purchased from Spanish firm, Gamesa.
Citi structured and issued the line of credit in conjunction with the Export-Import Bank of the United States.
The turbines are expected to be installed no later than March of next year.